What is a Variable Life Annuity?
A variable annuity is a life annuity product that’s value changed based on its performance in the different investment profiles available to you with the annuity’s purchase. A variable life annuity allows for your annuity’s value to accumulate, so you may receive even more than you’ve paid in. This is in contrast to other forms of annuities, which pay a fixed or guaranteed amount.
Who Can Benefit from Variable Life Annuities?
Variable life annuities are for those looking for an investment component to their annuity plan; as well as individuals who are able to invest and manage their finances well. It requires some understanding of investment principles, and does carry a degree of risk.
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